Fox Run Management L.L.C. Takes Position in BorgWarner Inc. $BWA

Fox Run Management L.L.C. acquired a new position in BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,104 shares of the auto parts company’s stock, valued at approximately $1,108,000.

A number of other hedge funds have also bought and sold shares of BWA. Dimensional Fund Advisors LP grew its position in shares of BorgWarner by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company’s stock valued at $331,429,000 after purchasing an additional 284,587 shares in the last quarter. LSV Asset Management grew its holdings in BorgWarner by 36.7% during the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after buying an additional 1,580,935 shares in the last quarter. American Century Companies Inc. increased its position in shares of BorgWarner by 1.7% during the first quarter. American Century Companies Inc. now owns 3,716,576 shares of the auto parts company’s stock valued at $106,480,000 after buying an additional 60,382 shares during the period. Swedbank AB lifted its holdings in shares of BorgWarner by 23.3% in the second quarter. Swedbank AB now owns 2,558,425 shares of the auto parts company’s stock worth $85,656,000 after buying an additional 482,969 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of BorgWarner by 144.7% in the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after acquiring an additional 1,188,466 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BWA has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Piper Sandler upped their target price on BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group lifted their price target on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.85.

Insider Buying and Selling

In related news, Director Alexis P. Michas sold 8,772 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the sale, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. This represents a 10.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $39.31, for a total value of $589,650.00. Following the transaction, the vice president directly owned 234,040 shares of the company’s stock, valued at $9,200,112.40. The trade was a 6.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,472 shares of company stock valued at $1,404,854 over the last three months. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $44.82 on Friday. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 47.68, a P/E/G ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $45.53. The stock’s 50-day moving average is $43.51 and its 200 day moving average is $37.89. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner announced that its board has authorized a stock repurchase plan on Thursday, July 31st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 13.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.